-- Net profit of 5,400 listed Chinese nonfinancial firms fell 2% to 2.54 trillion yuan in 2025, marking the third consecutive annual decline, Nikkei Asia reported Thursday.
Loss-making companies surged to 1,458, or 27% of the total, nearly 100 more than the previous record in 2024, according to the report. By comparison, only 2% of Tokyo's prime market-listed companies are unprofitable.
Real estate developer China Vanke's (HKG:2202, SHE:000002) net loss widened 80% to 88.5 billion yuan. Of 108 property developers, 59 posted losses, Nikkei Asia wrote.
Retailers also struggled as weak housing markets dampened consumer sentiment, according to the report.
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